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The socioeconomic definition of populism applies the term to what it regards as an irresponsible form of economic policy by which a government engages in a period of massive public spending financed by foreign loans, after which the country falls into hyperinflation and harsh economic adjustments are then imposed. [141]
Economic nationalism or nationalist economics is an ideology that prioritizes state intervention in the economy, including policies like domestic control and the use of tariffs and restrictions on labor, goods, and capital movement. [1] The core belief of economic nationalism is that the economy should serve nationalist goals. [2]
Macroeconomic populism is a term coined by Rudi Dornbusch and Sebastian Edwards in a 1990 paper. [1] The term refers to the policies by many Latin American administrations by which government spending and real wages increase in a non-sustainable way leading to inflation, then stagflation and ultimately an economic collapse that drops real wages to lower than they were before the populist ...
What Is an Economic Populist? Modern economic populism started in 2008 and gained traction over the years as more people felt left behind by globalization, economic inequality, and the unrealized ...
The definition of populism is a complex one as due to its mercurial nature; it has been defined by many different scholars with different focuses, including political, economic, social, and discursive features. [4] Populism is often split into two variants in the United States, one with a focus on culture and the other that focuses on economics ...
A Dispatch symposium.
The movement favors economic nationalism, which is in sync with Trump’s America First policies. Vance, an economic populist, has spoken up against free trade and foreign military intervention.
Right-wing populism, also called national populism and right populism, [1] [2] [3] is a political ideology that combines right-wing politics with populist rhetoric and themes. Its rhetoric employs anti- elitist sentiments, opposition to the Establishment , and speaking to or for the common people .